American Axle & Manufacturing (AXL)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 552,900 | 542,500 | 519,900 | 469,800 | 519,900 | 615,600 | 511,100 | 465,700 | 511,500 | 472,300 | 501,400 | 529,900 | 530,200 | 500,700 | 587,700 | 601,200 | 557,000 | 537,300 | 893,300 | 682,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 200 | 4,500 | 1,100 | 2,400 | 2,500 | — | 600 | 1,900 | 3,400 | 2,700 | 4,000 | 4,900 | 5,600 | 6,000 | 4,900 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,175,200 | 1,294,200 | 1,255,100 | 1,235,600 | 1,201,600 | 1,248,700 | 1,233,600 | 1,198,000 | 1,199,300 | 1,214,300 | 1,213,700 | 1,153,700 | 1,039,900 | 1,003,200 | 1,152,100 | 1,042,100 | 979,300 | 1,024,300 | 1,260,300 | 1,218,700 |
| Quick ratio | 0.47 | 0.42 | 0.41 | 0.38 | 0.43 | 0.49 | 0.42 | 0.39 | 0.43 | 0.39 | 0.41 | 0.46 | 0.51 | 0.50 | 0.51 | 0.58 | 0.57 | 0.53 | 0.71 | 0.56 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($552,900K
+ $—K
+ $—K)
÷ $1,175,200K
= 0.47
The quick ratio of American Axle & Manufacturing has shown fluctuations over the years. From March 2020 to December 2024, the quick ratio has ranged between 0.38 and 0.71, indicating the company's ability to meet its short-term obligations with its most liquid assets.
Overall, the quick ratio has generally been below 1, which suggests that the company may have some difficulty in meeting its short-term liabilities with its quick assets alone. The ratio has displayed some volatility, with minor ups and downs, but has not shown a consistent upward or downward trend.
It is essential for the company to monitor and manage its liquidity position effectively to ensure it can cover its short-term obligations without facing liquidity issues. Additionally, further analysis, considering other financial indicators and industry benchmarks, would provide a more comprehensive understanding of American Axle & Manufacturing's financial health and liquidity position.
Peer comparison
Dec 31, 2024